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Dec 5, 2012
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. >> coming up, america's lopsided tax code. more and more economists are starting to admit the real problem. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> cc >> with all the hysteria over the fiscal cliffs, there was euphoria when john boehner puts fort a proposal. his proposal fails every test. let's not forget, the deficit isn't the biggest problem. it's the lack of demand and equity in our distribution of income, two little data points we shouldn't forget. 93% of the in jump added in the 2010 went to the top 1% and wages are the lowest they've ever been. it's simply not fair. for ideas to solve the problems and the deficit at the same time, bob rob an and larry summers suggested some away raise capital gains taxes. lets stop giving capital preferences over earned income. it's only fair and right. it won't solve the problem but will go a long way. back to john boehner. he doesn't say anything about this, because he refuses to raise rates. it can only be because he refuses to see the real problem. joining me now c
. >> coming up, america's lopsided tax code. more and more economists are starting to admit the real problem. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> cc >> with all the hysteria over the fiscal cliffs, there was euphoria when john boehner puts fort a proposal. his proposal fails every test....
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for the so-called fiscal cliff looming every proposal put forward by the two parties is scored by the c b o the congressional budget office and by economists to determine what effect it will have on our gross domestic product but its g.d.p. really the best way to measure growth and progress miss jones joins me now he's the economy resource director of food and water watch which welcome thanks tom great to have you with us. adbusters ran an incredible ad a couple of years ago in which they they graphically show this but they said that every time a forest is cut down g.d.p. goes up every time somebody is diagnosed with cancer g.d.p. goes up right every time there's an oil spill g.d.p. goes up if and then they end up by saying if we're going to survive we. economists have to learn how to subtract g.d.p. is a fairly crummy measure of the health of a society is robert kennedy pointed out back in the sixty's yeah that's definitely true you know g.d.p. was never intended to be a measurement of social well being or the overall health of the society it was meant as a very limited measurement o
for the so-called fiscal cliff looming every proposal put forward by the two parties is scored by the c b o the congressional budget office and by economists to determine what effect it will have on our gross domestic product but its g.d.p. really the best way to measure growth and progress miss jones joins me now he's the economy resource director of food and water watch which welcome thanks tom great to have you with us. adbusters ran an incredible ad a couple of years ago in which they they...
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Dec 5, 2012
12/12
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we should be focusing on the fiscal cliff. >> what a copout. you said earlier, and i want to talk more about this when we come back from the break, there is a connection between this? >> yes, there is. >> and negotiations on the fiscalcliff because to me, you can make more but to me certainly in the media connection, if this is the gang that you are could you tell counting on to exercise any common sense or any sense of decency about the middle class, let's just do the right thing and it may be make sure their taxes don't go up, you are count on the wrong gang. this gang couldn't come together at the request of one of their former leaders and a great american to say disabled people ought to have the same rights in other countries than in the unites states, if they can't agree on how. >> people talk about how the tea party has certaintaken over. it and they use the name bob dole. he could get things done. it seems like that era is long gone. >> made a very powerful point. they will never see him on the floor on the senate again. that was their g
we should be focusing on the fiscal cliff. >> what a copout. you said earlier, and i want to talk more about this when we come back from the break, there is a connection between this? >> yes, there is. >> and negotiations on the fiscalcliff because to me, you can make more but to me certainly in the media connection, if this is the gang that you are could you tell counting on to exercise any common sense or any sense of decency about the middle class, let's just do the right...
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Dec 7, 2012
12/12
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fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our think tanks welt tell you ideal he is leaving and more. current news update, standing buy in los angeles lease a ferguson. hi, lease a. good morning. >> hey, bi. good morning, everyone. we are awaiting the jobs report this morning out in the next and we are expecting to hear 80,000 jobs created last month. >> that's less than half the jobs we saw in october, but economists are saying don't put too much weight on those numbers. the down turn in growth is likely thanks to hurricane sandy making it near impossible to tell whether hiring is getting better or worse
fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our...
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and this fiscal cliff. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> this week, we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> that is president obama and the democrats to save you for being higher taxes. >> this fiscal cliff thing, the problem with the republicans larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that t
and this fiscal cliff. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ five days later, i had a massive heart attack. bayer aspirin was the first...
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Dec 7, 2012
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in two years we come back and deal with this. >> eric: why don't you want to go off the fiscal cliff? >> bob: a lot of people will get hurt. i don't care if the 2% will get hurt. >> greg: you hate rich people. >> bob: i don't hate them. they're all right. they give money to philharmonic. >> greg: without rich peopl people, there would be no government. >> bob: a deal is worked out as we speak. there will be a deal and include some increase. maybe not the entire for the upper income people. there will be adjustment to social security. >> eric: we'll continue to rack up $1 trillion. guess what our kids will be stuck with? trillions and trillions of debt. additional debt. >> dana: i am worried about the future when it comes to that. let me tell you. i don't think is about making the country better for our kids. i don't think it's been true for the last 25 years. i think that the -- >> greg: you hate kids, though. >> dana: an issue that nobody talks about that the president refuses to deal with is entitlement spending. there are ways to preserve entitlement spending for future generation
in two years we come back and deal with this. >> eric: why don't you want to go off the fiscal cliff? >> bob: a lot of people will get hurt. i don't care if the 2% will get hurt. >> greg: you hate rich people. >> bob: i don't hate them. they're all right. they give money to philharmonic. >> greg: without rich peopl people, there would be no government. >> bob: a deal is worked out as we speak. there will be a deal and include some increase. maybe not the...
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the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather agree with you. probably shouldn't. but i do. i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people. and they give up the middle-class to the democrats. and i think you saw some of that in the presidential election. i don't think that's their intent. i think their tax reform intent is quite sound. but the way this is playing out, i think that's a big risk for them. >> they're becoming the party of rich, white, older men, is what it seems to me. you can't think of any other section of american community that right now is thinking the republican party's for me. this isn't be a good place for them to find themselves. >> i think that's why the politics of this are, you know, make it quite possible to go ov
the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather agree with you. probably shouldn't. but i do. i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people....
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Dec 5, 2012
12/12
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cliff. let's bring in capitol hill correspondent kelly o'donnell. kelly, the house majority leader eric cantor issued a warning and optics matter and to see that shot in the middle of everything else makes it even more interesting. >> reporter: it it can certainly ir rate voters. the practical side those members not at the table negotiating things like the fiscal cliff and the role is something to vote on and so getting back to their districts, some of them say to you having a chance to talk with voters at home is valuable. many of them have fairly packed schedules for events at home but then you have to weigh it against the appearance of people leaving the capitol and does that suggest to people at home they aren't really as nose to the grindstone as they might be? it's an eye of the beholder moment and when you talk about a lame duck congress, here we are with many of these members waiting to have their new colleagues come in this january and tackle some of the big problems and looming dea
cliff. let's bring in capitol hill correspondent kelly o'donnell. kelly, the house majority leader eric cantor issued a warning and optics matter and to see that shot in the middle of everything else makes it even more interesting. >> reporter: it it can certainly ir rate voters. the practical side those members not at the table negotiating things like the fiscal cliff and the role is something to vote on and so getting back to their districts, some of them say to you having a chance to...
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Dec 8, 2012
12/12
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return "when it comes to the fiscal cliff that is threatening our economy and threatening jobs the white house has for the president if he's with a counter offer." >> congressional republicans days and counting to work will take effect. r today marks the 71st anniversary of japan's deadly attack on pearl a 21 gun salute. 7th, 1941. >>jacqueline: on 60s to cupertino, also 60s for the inland valleys. 60s in livermore, concord, and a low 60s for the east bayshore. along the coast, 60s in ocean beach. 60s for the north bay and with a look at your extended forecast areas of fog in the north bay. and for the valleys as we go towards the sunday less fog with a chilly morning we will keep it pretty mild. and things will cool down and the possibility of rainfall returning to the forecast. right now, there's a 30 percent chance to will keep you posted on the shower activity as we get closer. >> today is the 71st anniversary of the deadly attack on pearl harbor. you will hear from one veteran that has survived. it's not just hand hel >> its been since 1940. >> i saw the first torpedo drop. i was no
return "when it comes to the fiscal cliff that is threatening our economy and threatening jobs the white house has for the president if he's with a counter offer." >> congressional republicans days and counting to work will take effect. r today marks the 71st anniversary of japan's deadly attack on pearl a 21 gun salute. 7th, 1941. >>jacqueline: on 60s to cupertino, also 60s for the inland valleys. 60s in livermore, concord, and a low 60s for the east bayshore. along the...
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Dec 9, 2012
12/12
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if republicans do not agree, is the administration prepared to go over the fiscal cliff? >> absolutely. >> there's no agreement that doesn't involve the rates going up on the top wealthy 2%. >> republicans clinging to what little leverage they have to maximize cuts zeroed in on the debt ceiling hoping for a repeat of the 2011 showdown where house republicans were able to extract $2 trillion in cuts. $1 trillion cut from domestic programs in ten years and $1.2 trillion in cuts through a sequester. wednesday, president obama seemed to set another red line, a business round table who warned against the repeat of last year's debacle. >> i want to send a clear message. we are not going to play the game next year. if congress suggests they are going to tie negotiations to debt ceiling votes and take us to the brink of default, once again, as part of a budget negotiation, which by the way, we have never done in our history until we did it last year, i will not play that game. because we have to break that habit before it starts. >> so, "the washington post" made a point friday s
if republicans do not agree, is the administration prepared to go over the fiscal cliff? >> absolutely. >> there's no agreement that doesn't involve the rates going up on the top wealthy 2%. >> republicans clinging to what little leverage they have to maximize cuts zeroed in on the debt ceiling hoping for a repeat of the 2011 showdown where house republicans were able to extract $2 trillion in cuts. $1 trillion cut from domestic programs in ten years and $1.2 trillion in cuts...
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Dec 5, 2012
12/12
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but when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> mr. speaker, does the conference perhaps realize that you don't seem to be negotiating in all of this? >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising rates. because raising rates will hurt the very people that we're expecting to upgrade jobs in our country. >> all right. house speaker john boehner. let's head back to capitol hill and check in with dana bash. so the president has looked at this offer and jay carney, his spokesman, called it fairy dust. so what did the republicans expect it to be in return? >> reporter: carol, look, what do they expect in return? what they say that they want is just to talk. that is something that should be emphasized for our viewers which is what we are seeing back and forth in the publi
but when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> mr. speaker, does the conference perhaps realize that you don't seem to be negotiating in all of this? >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a...
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Dec 7, 2012
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was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are -- >> lowest unemployment rate since december '08. 7.7%. that's the unemployment rate. surprise there. i'm going to listen to the jobs part of it. >> that is unexpected. we were expecting the unemployment rate to go to 8.0, from 7.9 to 8.0. it's gone the other direction. >> 146,000 jobs created. >> double than what was expected. >> diane s wochlswonk, chief ec. 7.7% is the unemployment rate, 146,000 jobs that have been added. the estimates were completely off. what are the implications of these numbers? >> well, certainly it's reassuring that sandy didn't have as big of an affect on the numbers. what's hard to tell is one of the points ali made earlier, which is how many people actually reached. we saw
was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are -- >> lowest unemployment rate since december '08. 7.7%. that's the unemployment rate. surprise there. i'm going to listen to...
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Dec 6, 2012
12/12
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what you should do about the fiscal cliff, coming up. speak of america's money crisis what, does this have to do with it? that former u.s. senator doing gangam style. he's trying to inspire you. >> i couldn't believe this. starbucks is now introducing i guess for the holidays a $450 gift card. [ cheering ] >> starbucks, $450 gift card, yeah. it's good for two small coffees and a josh groban cd. that's what it gets you the r. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. let's see if we can get the same item at walmart f less? okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on brands you want. walmart. >> you hear about this? mike tyson says in 1998 he found brad pitt in bed with his ex-wife, robin givens. of course, pit
what you should do about the fiscal cliff, coming up. speak of america's money crisis what, does this have to do with it? that former u.s. senator doing gangam style. he's trying to inspire you. >> i couldn't believe this. starbucks is now introducing i guess for the holidays a $450 gift card. [ cheering ] >> starbucks, $450 gift card, yeah. it's good for two small coffees and a josh groban cd. that's what it gets you the r. [ whistle blowing ] where do you hear that beat?...
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Dec 10, 2012
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but there is this, if no deal is struck, and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room. that, wolf, is going to lead a lot of voters, democrat and republican, unhappy. >> tom foreman. dramatic way of explaining what's going on. love that virtual studio he's got over there. thank you. >>> new clues potentially uncovered in a deadly decades old mystery haunting a reform school. you'll find out what researchers think they have found. that's next. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ >>> researchers may have unkfred shocking new evidence of a mass grave at a now closed florid
but there is this, if no deal is struck, and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room. that, wolf, is going to lead a lot of voters, democrat and republican, unhappy. >> tom foreman. dramatic way of explaining what's going on. love that virtual studio he's got over there. thank you. >>> new clues potentially uncovered in a deadly decades old mystery haunting a reform...
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Dec 11, 2012
12/12
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when it comes to the looming fiscal cliff crisis, that's a good sign. in 21 days, we go off the cliff and that means drastic tax hikes and spending cuts. congress scheduled to break for the holidays on friday. two sides talking behind the scenes and for a change, all of the posturing and finger pointing has died down, at least for now. shannon travis joins us live. what are you hearing, if anything? >> we're hearing that as you just mentioned, that they are talking, but that's all we're hearing, that's a good sign, that they are talking at this point. i'll read a statement from john boehner's president secretary. "discussions with the white house are taking place, but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer, and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people." again, from house speaker john boehner's office. the president on the other hand took to michig
when it comes to the looming fiscal cliff crisis, that's a good sign. in 21 days, we go off the cliff and that means drastic tax hikes and spending cuts. congress scheduled to break for the holidays on friday. two sides talking behind the scenes and for a change, all of the posturing and finger pointing has died down, at least for now. shannon travis joins us live. what are you hearing, if anything? >> we're hearing that as you just mentioned, that they are talking, but that's all we're...
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Dec 9, 2012
12/12
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what's happening in 23 days from now, that of course is the fiscal cliff. it was disheartening to hear john boehner come out yesterday and say we are nowhere near any sort of progress or any sort of outcome. >> we have been talking. >> clayton: we have been having lunch, haven't been talking to the other side. and look we have the countdown clock, 23 days. and republicans are basically saying, look, the president doesn't want to do this, doesn't want to have an agreement. the president though is saying, look, we can get this done. let's listen to the president first. >> when all of this, bypassing a law that prevents a tax like on the first $250,000 of everybody's income, that means 90% of americans and 97% of small businesses wouldn't see their income taxes go up by a single dime and even the wealthiest americans would get a tax cut on the first $250 of their income and families everywhere would enjoy some peace of mind. >> see, the thing is here, republicans think that the president doesn't want to do anything. at the end of the day, if the president dogs
what's happening in 23 days from now, that of course is the fiscal cliff. it was disheartening to hear john boehner come out yesterday and say we are nowhere near any sort of progress or any sort of outcome. >> we have been talking. >> clayton: we have been having lunch, haven't been talking to the other side. and look we have the countdown clock, 23 days. and republicans are basically saying, look, the president doesn't want to do this, doesn't want to have an agreement. the...